Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: mcg404 who wrote (645)	5/2/2003 10:43:00 AM
From: GraceZ	Read Replies (1) of 4912

Well you know that an investment is just a speculation you decided to hold because it didn't quite work out the way you thought it would. -g- The money in real estate is a dead end, it's consumptive but not in a way that generates lots of jobs, there's no value add. In other words a million, put into a house doesn't generate any kind of multiple in the future. There's no investment pay back for the economy at large down the line like there is with say a company that develops a technology that spawns other companies. That original company may fail but the value still remains alive within the economy. History is full of investment failures where the underlying technology or idea resurfaced as being extremely valuable for businesses that followed. For every EBAY there's always a zillion failures but that one company spawned thousands of other businesses that might not exist at all without it (not all legal ones). It removed some of the physical limitations of putting a large number of sellers in touch with a widely spread population of buyers. So even if EBAY fails (it's not looking likely at this point) our concept of marketplace is forever changed.

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